NEW DELHI: Maruti Suzuki's Board of Directors on Thursday named Hisashi Takeuchi as the company's Managing Director and Chief Executive Officer, effective April 1. The incumbent Kenichi Ayukawa's term will end on March 31, 2022, prompting the new appointment.

Furthermore, in order to ensure a smooth transition, Kenichi Ayukawa will remain as a Whole-Time Director designated as Executive Vice Chairman until September 30, 2022, and will continue to provide leadership to the company, according to the company. Furthermore, these appointments must be approved by the shareholders.

"India is one of the world's most interesting and attractive vehicle markets, and my time there has been both demanding and rewarding. Takeuchi is well-positioned to lead Maruti Suzuki into the future, as he has a thorough understanding of both the Indian and worldwide markets "Ayukawa stated.

Since April 2013, Ayukawa has served as the Managing Director of Maruti Suzuki India Limited. "Maruti Suzuki is a great company with a rich history, and it will be my goal to continue serving more and more consumers in India and throughout the world with exciting cars that are beneficial for them, the environment, and society," Takeuchi says. "We will also strive to grow our business in a way that benefits Aatmanirbhar Bharat and India's economic progress." In 1986, Takeuchi joined Suzuki Motor Corporation (SMC).

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